Wednesday, however far off intraday high, while increased volatility remained the market’s key characteristic.
The Greek market verified its intension to differentiate from the course of foreign indices, however the upward surge due to the positive resolutions of the European Summit have been affected by the crisis in Japan, according to analysts.
They note that high volatility is expected to remain the main feature of the following trading sessions.
The European Summit decisions are no panacea to solve Greece’s financial problems, said Merit Securities. A drastic solution requires more issues to be resolved in the Summit in March 25, it added.
Greek side would like to discuss the issue of repurchase of Greek government bonds by the European Financial Stability Facility, but faced the opposition of Germany, according to Merit.
That resulted in an upward momentum which was challenged shortly on 9/3. The rise lasted only two days due to the heavy pressures caused by the disaster in Japan.
Across the board, the General Index ended at 1611.09 units, up 1.3%, moving in green throughout the trading session with intraday gains of 3.06%.
Approximately 30.17 million units, worth EUR 131.05mn were traded on Wednesday, while a total amount of 112 shares rose, 45 declined and 126 remained unchanged.
Banks’ profits were 1.47%, at 1385.83 units. Proton Bank, Alpha Bank and Attica Bank rose by 3.7%, 3.66% and 2.83% respectively, while Eurobank, Piraeus Bank and National Bank gained 2.06%, 1.99% and 1.47% respectively. On the other hand, Bank of Cyprus declined by 1.08%
Across FTSE20, MIG, Viohalco and OPAP rose by 3.53%, 2.44% and 2.13% respectively.
source: CAPITAL
